FRANCO-NEVADA CORPORATION 67 THE GOLD INVESTMENT THAT WORKS Quebec Ontario Detour Lake Royalty Area 2% NSR 0.5-1% NSR Mine Property Block D N Km O 2.5 5 West Pit Gowest Property Main Pit Other Quebec royalty claims not shown Block E Zone 58N Block A Block B Block C North Pit Sunday Lake Deformation Zone Lower Detour Lake Deformation Zone Sunday Lake Deformation Zone North Pit Main Pit West Pit Detour Mine Trend Saddle Zone Detour Lake Mine Km O 1 D Reser ve Pit Outline Resource Pit Outline Current Pit Outline Current Pit Outline Detour Lake Quebec Ontario Island Gold Millmerran Red October Henty Mt Keith Duketon Yandal (Bronzewing/Julius) King Vol Bowen Basin South Kalgoorlie (Mt Martin) Flying Fox Australia Subika (Ahafo) Tasiast Sabodala Edikan MWS Perama Hill Kiziltepe Karma Sissingue Pandora Courageous Lake Musselwhite Hemlo Detour Lake Goldfields Timmins West Sudbury Kirkland Lake Golden Highway Canadian Malartic Cariboo Dublin Gulch (Eagle) Red Mountain Franco-Nevada Australia Office Valentine Lake Red Lake (Bateman) Agate Creek White Dam Séguéla Edna May Higginsville (Lake Cowan) Aphrodite Matilda (Wiluna) Agnew (Vivien) South Kalgoorlie (New Celebration/ Mt Marion Lithium) Cue Gold (Day Dawn) Agi Dagi ̆ ̆ Producing Advanced Producing (Energy) Greenstone (Hardrock) Monument Bay Brucejack Eskay Creek Producing Advanced PRECIOUS METALS DIVERSIFIED ASSETS RESERVES AND RESOURCES ADDITIONAL INFORMATION Canada 2021 2020 2019 Revenue to Franco-Nevada ($ million) $ 25.3 $ 20.4 $ 16.8 Detour Lake P&P Reserves (koz Au) 1 15,034 15,775 14,846 Detour Lake M&I Resource (koz Au) 1 29,752 20,432 19,261 Detour Lake Inferred Resource (koz Au) 1 1,196 1,470 1,273 P&P Royalty Ounces (000s) 2 301 316 297 M&I Royalty Ounces (000s) 1, 2 595 409 385 Inf Royalty Ounces (000s) 2 24 29 25 1 Please r efer to the tables on pages 128-136 for a breakout of grade and tonnages by Mineral Resource category; all M&I categories are inclusive of Mineral Reserves 2 For Ro yalty Ounce calculation, Franco-Nevada estimates 100% of the Mineral Reserves and Mineral Resources are subject to our royalty interest and estimates a rate of 2.0% is applicable Detour Lake Au Ontario, Canada Operator: Agnico Eagle Mines Limited Royalty: NSR: 2% Precious Metals Franco-Nevada has a 2% NSR royalty that covers an area of 140 km 2 of the Abitibi greenstone belt located 185 km northeast of Cochrane, Ontario including the Detour Lake mine. Placer Dome Inc. operated a mine on the property from 1983 through 1999 during which time approximately 1.8 million ounces of gold are estimated to have been produced. Detour Gold Corpor ation (“Detour Gold”) constructed the current mine from 2010 to 2013 and in 2020 Kirkland Lake Gold Ltd. (“KLG”) acquired Detour Gold. On February 8, 2022, Agnico Eagle Mines Limited (“Agnico Eagle”) and KLG completed a merger of equals, with the combined company continuing as Agnico Eagle. Pr oduction at Detour Lake was 712,824 ounces of gold in 2021, a significant increase from 516,757 ounces of gold for the 11 months in 2020 after Detour Lake was acquired by KLG. Three-year production guidance for Detour Lake is anticipated to be between 700,000 to 730,000 ounces of gold per year in 2022 to 2024. In Mar ch 2021, KLG announced the 2021 life of mine plan with production expected to average 680,000 to 720,000 ounces from 2021 to 2024, before increasing to 800,000 ounces in 2025. Production would then decline for three years during a period of increased stripping before reaching over 900,000 ounces beginning in 2032. KLG has previously reported that an important objective of any near-mine resource conversion would be to adjust the production profile to mitigate a drop off in production after 2025 while achieving 900,000 ounces of production as soon as possible in the mine life. In September 2021, KL G released an updated mineral resource estimate. The new estimate included a 10.1 million ounce increase in Measured and Indicated open-pit Mineral Resources to 14.7 million ounces of gold (572.0 million tonnes at 0.80 g/t), exclusive of Mineral Reserves. At December 31, 2021, Mineral Reserves at Detour Lake were estimated at 15.0 million ounces of gold (573.3 million tonnes at 0.82 g/t). A new technical report and life-of-mine plan are expected to be filed in Q2 2022 and Agnico Eagle anticipates an enhanced production profile with increased mineral reserves and mineral resources. Successful e xploration programs in 2020 and 2021 have led to a significant increase in open-pit mineral resources in 2021, demonstrating the existence of a broad and continuous corridor of mineralization extending over 4.0 km from the Main Pit through the Saddle Zone to the planned West Pit location to a depth of at least 800 m below surface with the system remaining open. In addition, drill results have identified broad zones of higher-grade mineralization below the current pit shells for the Main Pit and West Pit, indicating the potential to add both open-pit and, potentially underground, mineral reserves and mineral resources. Priorities of the 2022 exploration program are the expansion of the Detour Lake pit and Agnico Eagle expects to expand mineral resources at depth and to the west, and to continue to investigate the Sunday Lake deformation zone to the east and west of the current pit's mineral resources. Agnico Eagle has stated it will continue to e xplore the land package in the prolific Abitibi Greenstone Belt including 646 km 2 surrounding the Detour Lake property. While Zone 58N, a high-grade satellite 8.5 km south of Detour Lake with underground potential is not on royalty ground, there is considerable potential for new discoveries on Franco-Nevada’s royalty ground to support future mineral resource growth both near-mine and regionally. Significant resource increase in 2021, new life-of-mine plan expected in 2022 Production growth expected 2022-2024 Detour Lake, Ontario